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Sah Polymers IPO is a book built issue of Rs 66.30 crores. The issue is entirely a fresh issue of 1.02 crore shares.
Sah Polymers IPO bidding started from December 30, 2022 and ended on January 4, 2023. The allotment for Sah Polymers IPO was finalized on Monday, January 9, 2023. The shares got listed on BSE, NSE on January 12, 2023.
Sah Polymers IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 230 Shares. The minimum amount of investment required by retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (3,220 shares), amounting to ₹209,300, and for bNII, it is 67 lots (15,410 shares), amounting to ₹1,001,650.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Sah Polymers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sah Polymers IPO RHP for detailed information.
| IPO Date | December 30, 2022 to January 4, 2023 |
| Listing Date | January 12, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 per share |
| Lot Size | 230 Shares |
| Total Issue Size | 10,200,000 shares (aggregating up to ₹66.30 Cr) |
| Fresh Issue | 10,200,000 shares (aggregating up to ₹66.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sah Polymers IPO offers 10,200,000 shares. 3,060,000 (30.00%) to QIB, 1,530,000 (15.00%) to NII, 1,020,000 (10.00%) to RII 4,590,000 (45.00%) to Anchor investors. 4,434 RIIs will receive minimum 230 shares and 158 (sNII) and 316 (bNII) will receive minimum 3,220 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,590,000 (45.00%) | NA |
| QIB Shares Offered | 3,060,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,530,000 (15.00%) | |
| bNII > ₹10L | 1,020,000 (10.00%) | 316 |
| sNII < ₹10L | 510,000 (5.00%) | 158 |
| Retail Shares Offered | 1,020,000 (10.00%) | 4,434 |
| Total Shares Offered | 10,200,000 (100%) |
Sah Polymers IPO raises Rs 29.84 crore from anchor investors. Sah Polymers IPO Anchor bid date is December 29, 2022. Sah Polymers IPO Anchor Investors list
| Bid Date | December 29, 2022 |
| Shares Offered | 4,590,000 |
| Anchor Portion Size (In Cr.) | 29.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2023 |
Sah Polymers IPO opens on December 30, 2022, and closes on January 4, 2023.
| IPO Open Date | Friday, December 30, 2022 |
| IPO Close Date | Wednesday, January 4, 2023 |
| Basis of Allotment | Monday, January 9, 2023 |
| Initiation of Refunds | Tuesday, January 10, 2023 |
| Credit of Shares to Demat | Wednesday, January 11, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 4, 2023 |
Investors can bid for a minimum of 230 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2990 | ₹194,350 |
| S-HNI (Min) | 14 | 3,220 | ₹209,300 |
| S-HNI (Max) | 66 | 15,180 | ₹986,700 |
| B-HNI (Min) | 67 | 15,410 | ₹1,001,650 |
| Lot Size Calculator | |||
Sat Industries Limited is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 60.46% |
Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.
Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.
As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
Competitive Strength:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 35.93 | 49.91 | 0.3 | 18.81 | 10.37 |
| 31-Mar-21 | 40.58 | 55.34 | 1.27 | 20.09 | 13.79 |
| 31-Mar-22 | 68.67 | 81.23 | 4.38 | 26.65 | 30.54 |
| 30-Jun-22 | 75.35 | 27.59 | 1.25 | 27.74 | 33.15 |
| Amount in ₹ Crore | |||||
The market capitalization of Sah Polymers IPO is Rs 167.67 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 33.51 |
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).
2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.
3. Funding the working capital requirements of the Company.
4. General corporate purposes.
[Dilip Davda] The company is operating in a highly competitive segment with two of its group company having an interest in a similar business. There are many other points of concern. Even based on its super earnings the issue is highly-priced. Initial listing in the “T” group may curtail speculative movements in the initial period. There is no harm in skipping this pricy bet. Read detail review...
The Sah Polymers IPO is subscribed 17.46 times on January 4, 2023 7:00:00 PM. The public issue subscribed 39.78 times in the retail category, 2.40 times in the QIB category, and 32.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.40 |
| NII | 32.69 |
| bNII (bids above ₹10L) | 33.94 |
| sNII (bids below ₹10L) | 30.20 |
| Retail | 39.78 |
| Total | 17.46 |
| Listing Date | January 12, 2023 |
| BSE Script Code | 543743 |
| NSE Symbol | SAH |
| ISIN | INE035801013 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹65.00 |
| ₹85.00 |
| ₹85.00 |
| ₹89.25 |
| ₹89.25 |
| NSE |
|---|
| ₹65.00 |
| ₹85.00 |
| ₹85.00 |
| ₹89.25 |
| ₹89.25 |
Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: cs@sahpolymers.com
Website: https://sahpolymers.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Sahpolymers.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Sah Polymers IPO is a main-board IPO of 10,200,000 equity shares of the face value of ₹10 aggregating up to ₹66.30 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.
The IPO opens on December 30, 2022, and closes on January 4, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sah Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Sah Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sah Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sah Polymers IPO opens on December 30, 2022 and closes on January 4, 2023.
Sah Polymers IPO lot size is 230 Shares, and the minimum amount required is ₹14,950.
You can apply in Sah Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sah Polymers IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 11, 2023. Check the Sah Polymers IPO allotment status.
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